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Dodger Blue > Rumors > Dodgers Rumors: Guggenheim Ownership Group Values Franchise At $2.5 Billion
Rumors

Dodgers Rumors: Guggenheim Ownership Group Values Franchise At $2.5 Billion

Matthew Moreno
June 1, 2017
2 Min Read
Todd Boehly, Stan Kasten, Mark Walter
Kirby Lee/USA TODAY Sports
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When the Guggenheim Baseball Management group purchased the Los Angeles Dodgers from Frank McCourt, they paid a record $2.15 billion. It marked the first time a professional sports team was sold for more than $2 billion.

Dodgers chairman and controlling owner Mark Walter, team president and CEO Stan Kasten, and co-owner Magic Johnwon viewed the steep price as an investment. The group was confident they’d be able to restore the proud franchise to its previous heights.

In February, it was reported the ownership group had made a minority stake available for sale. According to Scott Soshnick of Bloomberg, Guggenheim valued the franchise at $2.5 billion:

The owners of the Los Angeles Dodgers say the team is now worth $2.5 billion, according to people with knowledge of the effort to sell a minority stake in the baseball club.

Prior to the instance this year, the Dodgers were said to have previously considered selling a minority stake in the franchise to a group from South Korea. It’s not believed a deal ever neared completion.

The Dodgers were valued at $2.75 billion by Forbes this season, trailing only the New York Yankees. The publication gave New York a $3.4 billion valuation in 2016, and Los Angeles a $2.5 billion valuation.

Despite their overtures, whether the Dodgers will ultimately move forward with a sale of a portion of the franchise is unclear. Should that ever come to fruition, Guggenheim is not expected to surrender a controlling stake of the team.

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TAGGED:Guggenheim Baseball ManagementLos Angeles Dodgers
ByMatthew Moreno
Matthew Moreno is a journalist from Whittier, Calif., who is a credentialed reporter and is currently the Executive Editor of DodgerBlue.com and LakersNation.com. In addition to covering Los Angeles Dodgers and Los Angels Lakers, Matthew has a strong passion for keeping up to date with the sneakerhead culture. It began with Michael Jordan and Air Jordan shoes, and has carried over to Kobe Bryant's signature line with Nike. Matthew previously was the lead editor and digital strategist at Dodgers Nation, and the co-editor and lead writer at Reign of Troy, where he covered USC Trojans Football. Matthew graduated from California State Long Beach University with a major in journalism and minor in communications. Contact: matt@mediumlargela.com
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